The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

The acquired portfolio, primarily freight cars (95%), has a 97% utilisation rate and a diverse mix of car types.

The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth ...

Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield ...

A new joint venture of GATX Corp. and Brookfield Infrastructure Partners L.P. have entered into a definitive agreement to ...

Wells Fargo exits rail leasing with a major sale to GATX and Brookfield Infrastructure, transferring more than 125,000 rail ...

Wells Fargo (NYSE:WFC) announced on Thursday a definitive agreement to sell the assets of its rail equipment leasing business ...

GATX) announced today a definitive agreement to acquire approximately 105,000 railcars from Wells Fargo for $4.4 billion through a newly formed joint venture with Brookfield Infrastructure ...

Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture ...

Shares of GATX climbed after the company's new joint venture with Brookfield Infrastructure notched a deal to buy Wells Fargo's rail assets for a book value of about $4.4 billion. The stock rose 8.8% ...

Wells Fargo to sell rail assets to joint venture for $4.4 billion, with GATX and Brookfield owning 30% and 70% respectively.

Wells Fargo will sell the assets of its rail equipment leasing business to a new joint venture between GATX and Brookfield Infrastructure. The sale includes the company's entire portfolio of rail ...